Career diplomat Maroš Ĺ efÄŤoviÄŤ from Slovakia gave the first glimpse of what the EU's "Energy Union" may look like during his hearing at the European Parliament on Monday night for the post of Europe’s Vice President Energy Union. Ĺ efÄŤoviÄŤ believes in common purchasing of gas and the Southern Corridor (but opposes South Stream), regards the internal market as the backbone of the Energy Union, supports the UK’s state aid to the nuclear power plant … [Read more...]
Another US – Russia confrontation: as LNG exporters
New Russian players will double their share in the global LNG market by 2018, says GlobalData Analyst in a press release. This means they will compete with the new US exporters that will be entering the same market. The global Liquefied Natural Gas (LNG) market, in which Gazprom intends to increase its liquefaction capacity by 250% to 25 million tons per year by 2018, will pose unfamiliar challenges to the company, according to an analyst with … [Read more...]
Exporting a revolution: why the US LNG stampede will change the gas business forever (part 2)
The time for doubt is past. The US is well on its way to becoming a major LNG exporter – on a scale to rival Qatar and Australia. In part 2 of this two-part series, energy journalist Alex Forbes reviews the implications of what he is convinced will be the next gas revolution to come out of the United States. (Part I was published on 14 October here.) … [Read more...]
Exporting a revolution: why the US LNG stampede will change the gas business forever
The time for doubt is past. The US is well on its way to becoming a major LNG exporter – on a scale to rival Qatar and Australia. Export capacity could exceed 100 million tonnes per year by the early 2020s – 40% of the current global market. The US Department of Energy certainly seems to think so. The implications of this are profound: for US gas consumers, for natural gas markets around the world, and for proposed LNG export projects elsewhere. … [Read more...]
Exclusive: “In 2015, The Hague should see the birth of a new global Energy Charter”
The Energy Charter, signed in 1991 in The Hague in the post-cold War period mainly to harmonise energy relations between Europe and the former Soviet Union, is on the point of being transformed into a global instrument. Secretary-General Urban Rusnak hopes that next year, again in The Hague, a second high-level meeting will establish a new International or Global Energy Charter, adapted to the globalised economy and suited to the needs of energy … [Read more...]
“Everything depends on how much more Europeans are ready to pay for alternative sources of gas”
When he passed through Brussels recently, Russian researcher Andrei Belyi gave Energy Post his analysis of the crisis between Moscow and Brussels. For him, it’s a lose-lose situation, because he doubts the European sanctions will make Russia change tack on Ukraine, even if they are costing Moscow influence at international level, especially in negotiations with China. At the same time he questions whether European are prepared to pay for … [Read more...]
In defence of TTIP: Good for the economy – and for the climate
The Trans-Atlantic Trade and Investment Partnership (TTIP) currently being negotiated between the European Union and the United States may deliver significant benefits not just in terms of greater economic competitiveness, but also as regards energy security and even environmental sustainability, writes Carlo Stagnaro, senior fellow at the Italian think tank Istituto Bruno Leoni and advisor to Italy’s Minister for Economic Development. According … [Read more...]
A modest proposal on South Stream – for the EU’s new VP Energy Union
Ambassador Peter Poptchev offers an ingenious compromise on the stalled South Stream project: let Russia build half of it, to be filled with only new gas. The European Commission's new Vice-President for Energy Union could make this work - if she has a convincing strategy for South East Europe. (Plus: an overview of all stakeholder positions on South Stream.) … [Read more...]
Oil is back – how Obama went from climate president to drill-baby-drill commander
Just a few years ago, president Obama promised he would reduce America’s dependence on oil. Now, energy expert Michael Klare points out, his administration is doing everything possible to boost oil production: opening up the waters off the Eastern seaboard to exploration, ramping up sales of leases for oil and gas drilling, expanding drilling in the Gulf of Mexico, even speeding up the processing of drilling permits. The results are visible: … [Read more...]
The EU’s drive for free energy trade in the TTIP endangers action on climate change
With the EU seeking to  diversify its energy sources and US companies eager to export their "unconventional” oil and gas riches, energy has become a major focus of the Trans-Atlantic Trade and Investment Partnership (TTIP), about which the two blocs are negotiating. The EU is eager for the US to remove any barriers to the export of its natural gas and crude oil, as is clear from a leaked EU proposal. However, this drive for unrestrained fossil … [Read more...]
US Energy Information Administration: Energy reform could increase Mexico’s long-term oil production by 75%
On August 11, Mexico's president signed into law legislation that will open its oil and natural gas markets to foreign direct investment, effectively ending the 75-year-old monopoly of state-owned PetrĂłleos Mexicanos (Pemex). These laws, which follow previously adopted changes in Mexico's constitution to eliminate provisions that prohibited direct foreign investment in that nation's oil and natural gas sector, are likely to have major … [Read more...]
Do we need capacity markets? Do we need Russia?
There are two major issues on which the future of the energy sector hangs, notes EP editor Karel Beckman: 1) Â how far will the renewables revolution go in combination with climate policy; 2) how will growing geopolitical tensions, especially relations with Russia, affect markets? Karel asks whether we need capacity schemes, indicates how utilities could get back on a growth path and how (not) to deal with Russia. … [Read more...]
How the Yukos ruling will further upset relations with Russia
The Permanent Court of Arbitration in The Hague ruled in July that the Russian government deliberately destroyed oil company Yukos and has ordered Moscow to pay over $50 billion in damages. The importance of this decision can hardly be overstated, writes Anders Aslund, senior fellow of the Peterson Institute, who is also a former advisor to the Russian and Ukrainian governments and author of many books on Russia. According to Aslund, the economic … [Read more...]
Twenty-first century energy wars: how oil and gas are fuelling global conflicts
Fossil fuels are triggering violent conflicts all over the world, says Michael Klare, Professor of Peace and World Security Studies at Hampshire College in Massachusetts, the US. Klare zooms in on four areas – Iraq/Syria, South Sudan, the Crimea/Ukraine, and the South China Sea – to argue that the desire to control valuable oil and gas assets is fuelling long-standing historic tensions. “In a fossil-fuel world, control over oil and gas reserves … [Read more...]
Moscow’s great new gas game: Russia will become a bigger player – but in a bigger market
Russia has embarked on a strategy to become a major player in the global LNG business, with as many as five or six  big new projects expected to come online by the end of the decade. This new LNG production capacity is part of Russia's broader strategy that involves reducing its reliance on European markets and becoming one of the top gas suppliers to the Asia-Pacific region. Paradoxically, these efforts, if they succeed, are likely to reduce … [Read more...]
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